Unlocking Value

DST Systems, which provides recordkeeping for the mutual-fund industry, is accelerating sales of noncore assets.

By

David Englander

November 21, 2012

Changes appear to be afoot at DST Systems (ticker: DST), the largest provider of recordkeeping services to the mutual-fund industry, serving roughly half the U.S. market.

DST has long boasted a sizable investment portfolio, including real estate, private-equity holdings, and publicly traded shares of State Street, Computershare and Euronet, which the company received over the years from selling subsidiaries and forming joint...